ConocoPhillips (NYSE:COP) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of ConocoPhillips (NYSE:COP - Get Free Report) have received an average rating of "Moderate Buy" from the nineteen brokerages that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and seventeen have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $121.30.

Several equities analysts recently commented on the company. Wells Fargo & Company cut their target price on ConocoPhillips from $116.00 to $113.00 and set an "overweight" rating for the company in a research report on Wednesday, May 14th. Scotiabank cut their price target on ConocoPhillips from $115.00 to $95.00 and set a "sector perform" rating on the stock in a research note on Friday, April 11th. Bank of America dropped their target price on shares of ConocoPhillips from $107.00 to $106.00 and set a "neutral" rating for the company in a research report on Friday, May 23rd. Susquehanna decreased their price objective on shares of ConocoPhillips from $120.00 to $114.00 and set a "positive" rating for the company in a report on Monday, May 12th. Finally, Piper Sandler dropped their price target on ConocoPhillips from $114.00 to $107.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 13th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp bought a new stake in shares of ConocoPhillips in the 4th quarter worth $26,000. Centricity Wealth Management LLC bought a new stake in ConocoPhillips in the 4th quarter worth about $27,000. 10Elms LLP purchased a new position in ConocoPhillips in the 4th quarter worth about $28,000. Financial Network Wealth Advisors LLC lifted its stake in ConocoPhillips by 341.5% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 287 shares of the energy producer's stock valued at $30,000 after acquiring an additional 222 shares during the period. Finally, Stone House Investment Management LLC purchased a new stake in shares of ConocoPhillips during the 1st quarter valued at about $31,000. Hedge funds and other institutional investors own 82.36% of the company's stock.

ConocoPhillips Trading Up 2.4%

ConocoPhillips stock opened at $97.00 on Friday. The firm has a market capitalization of $122.63 billion, a price-to-earnings ratio of 12.45, a P/E/G ratio of 0.79 and a beta of 0.61. ConocoPhillips has a 52 week low of $79.88 and a 52 week high of $118.40. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.29. The company has a 50 day moving average price of $88.91 and a 200 day moving average price of $95.87.

ConocoPhillips (NYSE:COP - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The energy producer reported $2.09 EPS for the quarter, topping analysts' consensus estimates of $2.05 by $0.04. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. The firm had revenue of $16.18 billion for the quarter, compared to the consensus estimate of $15.74 billion. During the same quarter in the prior year, the company posted $2.05 earnings per share. Research analysts forecast that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were issued a dividend of $0.78 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.22%. ConocoPhillips's dividend payout ratio is presently 39.64%.

ConocoPhillips Company Profile

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids in the United States, Canada, China, Libya, Malaysia, Norway, the United Kingdom, and internationally. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; global LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects.

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